Maybe this picks up on the point that Mr. Mulcair was making. We've seen, even in recent years, what an impact a high dollar can have on the manufacturing sector's output and net exports from the point of view of growth. It almost happens on a simultaneous basis, where you can see that movement in the U.S. economy has an impact almost simultaneously in the Canadian economy. So as we see the weakness, it's felt fairly quickly. When we saw the start of the strong appreciation of the Canadian dollar in 2007, we saw a significant weakness in our manufacturing sector.
On November 3rd, 2010. See this statement in context.